European electricity interconnectors

Role of interconnection in Europe and GB Approach to interconnector investment to date and drivers for change New regulatory regime for interconnector investment in GB Next Steps Q&A. Congestion revenues are dependent on the existence of price differentials between markets at either end of the interconnector. Last week Will Gardiner, chief executive of Drax Group, told the Guardian newspaper that Britain’s increasing reliance on electricity imports through the use of interconnectors is a threat to energy security, and will result in the country importing carbon emissions. “We need much better grid interconnectors around Europe to enable energy to flow across the EU”, UK Secretary of State for Energy and Climate Change, Ed Davey, recently told The Independent. Find out more about what this change will mean. Interconnectors linking Britain to our European neighbours will be able to participate in the second four-year-ahead Capacity Market auction in 2015, which will ensure a secure energy supply in Companies operating electricity interconnectors, which include Britain’s National Grid and French grid operator RTE, should “carry out contingency planning for a ‘no deal’ scenario”, a Interconnectors are exempt from paying these despite the fact imported electricity must be transported and balanced within England, Scotland and Wales in the same way as domestic electricity. T at usually involves long-term The EPG Summit is an annual event which welcomes the leaders of Europe's Power Generation sector to discuss all aspects of managing and further developing their power generation portfolio. For example, the North Sea Interconnector allows the trading of natural gas between the UK and Belgium and the East–West Interconnector allows the trading of electricity between the UK and the Ireland. First, the general role of interconnectors in the process of the integration of the European electricity market is considered. The UK will significantly strengthen its electricity links with the rest of Europe via interconnectors over the next five years. This will provide the British power market with access to greater supplies and improved flexibility in meeting peak demand. the authors studied the benefits of electricity interconnectors between 30 European countries with 100% penetration of variable renewable energy sources. The report especially aims to highlight challenges for the integration of Demand Side Flexibility (DSF). There are currently a handful of gas interconnectors linking countries within Europe and several small electricity interconnectors, linking the UK to France, the Netherlands and Ireland. With the capacity of 2,000 MW, AQUIND Interconnector will transmit 16,000,000 MWh of electricity each year between the two connected countries, which is 5% and 3% of the total consumption of Great Britain and France respectively, i. Two electricity interconnectors linking Lithuania with Poland and Sweden will start functioning in a couple of months, allowing the Baltics to boost its links to the EU’s grid. Those steps both connected physical grids and built up exchanges for trading electricity. Europe must reach its ambitious decarbonisation objective and succeed in the successful deployment of variable renewables while keeping the costs of transforming the system as low as possible and guaranteeing the continuous secure access to electricity. 000 (~9mb) The UK has 4,000 MW of interconnection capacity to the EU. The European General Court is a constituent court of the Court of Justice of the European Union (ECJ). TenneT TSO GmbH (TenneT) is the largest of the four German transmission system operators that manage the high-voltage electricity network in Germany. European Electricity Markets Structure and Trading Phase II: Wholesale Competition and Crossborder Trade Modelling and Managing Competitive Electricity Markets Electricity interconnectors are transmission cables between countries that allow the trading of electricity. Electricity interconnectors linking Ireland to France and Britain, as well as two North-South interconnectors, are included in a list of “key” energy development initiatives planned by the In Ref. Our aim is to inform the debate on energy when the rates of 0% on electricity trades with third countries. The electricity market in Great Britain is part of the EU Single Market. Since the East-West interconnector was built the amount of electricity traded over the interconnector between Ireland and Britain has steadily increased and allowed us to export surplus wind power and buy in cheaper electricity from Britain. 1 Market Integration, Efficiency, and Interconnectors: The Irish Single Electricity Market Rabindra Nepal** and Tooraj Jamasb*** Abstract Interconnections can be an effective way to increase Norway and the European power market Publisert 28. The tight cluster of industrialised countries is connected by a complex web of transmission lines and gas pipelines. the two countries’ national electricity grids. Department of Business, Energy and Industrial Strategy says. European Parliament’s Committee on Industry, Research and Energy UK-EU electricity interconnectors 69 Much of the internal energy market for electricity and gas is being realised through interconnectors. com announces that a new market research report is available in its catalogue:. The European Commission's Target Electricity Model (TEM) aims to integrate EU electricity markets. The European Union’s electricity grid is the most interconnected continental power network in the world. Interconnectors supplying electricity and gas would allow EU countries to share energy as part of a European ‘supergrid’ based on a single energy market. hinted that it favors remaining in the European Networks of Transmission System Operators for Electricity (ENTSO-E). This is a report for the House of Commons Committee on Exiting the European Union following the motion passed at the Opposition Day debate on 1 November, European leaders have touted the single energy market since the 1990s. Interconnectors derive their revenues from congestion revenues. They provide flexibility for grid managers, like power to back up intermittent flows from renewables such as solar and wind farms, the U. European energy law will no longer apply to the UK and the UK’s electricity markets will be decoupled from the Internal Energy Market. While waiting for the emergence of a European "super grid" spanning all countries in the European Union and beyond, the European Commission has begun to set targets to encourage interconnections between national grids with the goal of strengthening cooperation among states, creating a single electricity market and The European directive on the liberalisation of the electricity market foresees that the Network Operator determines the use of interconnectors on the basis of objective, transparent, and non-discriminatory criteria. ” The project partners are in the process of analysing costs and benefits of the hub and spoke concept and its three main elements (artificial island/hub, wind farms including grid connection and, lastly, interconnectors). 11 Mar 2015 . Electricity interconnection targets - Energy. European markets will increasingly play an important role to achieve this goal. Articles 66 and 67 of the network code set out rules for emerging technologies in electricity generation. Do we really need the interconnectors? We do need interconnectors if we want cheaper electricity and a more efficient power system. Market coupling has made European electricity markets more efficient –decoupling of GB could reverse this trend and lead to welfare losses * Notes: (1) Assessed in the presence of a significant (>€1) price differential. 2016 , sist oppdatert 03. One of the issues that is addressed in the European Union's draft Regulation on cross-border exchanges in electricity is the question of who should own and operate the interconnectors among countries participating in the European electricity market, and how the investment and operating costs of these interconnectors should be recovered from electricity customers and market participants. 5GW with a further 2GW under construction. There are currently three interconnectors between Great Britain and EU Member States – one to France, one to the Netherlands, and one to Ireland. DESCRIPTION. Interconnection-the basics. ” Most developers of electricity interconnectors – which mainly comprise national TSOs such as National Grid in the UK, RTE in France and Tennet in the Netherlands – also declined to comment NEW YORK, March 13, 2012 /PRNewswire/ -- Reportlinker. Prerequisite for efficient settlement of the growing electricity trade between EU member states is the establishment of binding rules for the entire EU. All cases heard at first instance by the General Court may be subject to a right of appeal to the Court of Justice on points of law only. Interconnected network of ENTSO-E Map 1:4. Home » News » Europe – UK interconnectors The UK will significantly strengthen its electricity links with the rest of Europe via interconnectors over the next five years. 6 per cent of supplies last year. The European Cross-Border Electricity Interconnectors Market Report Details - February 27, 2012 The European Commission in 2010 granted $1,247m (тВм910m) for 12 electricity interconnectors. 2016 Today, Norway is connected to Europe through multiple interconnections and is part of the European market coupling for the Day-Ahead market. This is done by means of market coupling , in particular tight volume coupling . On 2 December, Ofgem published its decision to go ahead with the Nemo Project, which will see a transmission cable from Belgium to the UK grid built to deliver 1GW of power. Second, it is discussed why merchant interconnectors could be a valuable complement to regulated interconnectors. The common European electricity market requires both market integration and transmission grid expansion, including trans-border interconnectors. Ensuring that electricity interconnectors remain fully open to cross-border trade is essential to achieve our overall objective of an efficient, sustainable and competitive energy market ". Conversely, if Ireland was the lower-priced market, export of its (cheaper) electricity to a Electricity interconnectors enable power generators not only to satisfy demand from domestic customers but also to sell to foreign customers, thereby putting downward pressure on wholesale prices. These projects are unlikely to be hindered by the UK electricity interconnectors is a significant contributor to the general objective of European Energy policy to deliver secure, competitive and sustainable energy supplies. European leaders have touted the single energy market since the 1990s. Indeed, the non-discrimination principle is of paramount importance for the creation of an internal electricity market. between countries and to inefficient usage of the interconnectors (European Commission, 2007 pp. But electricity interconnectors should be more widespread, too. 171-187) 1 . If the EU Commission succeeds in amending the Gas Market Directive, it would affect all existing and future corresponding gas interconnectors, and it would be expected that similar changes would occur for electricity interconnectors. Interconnectors) 10:05 - 10:50 3. 6 The direction of flow on an interconnector is largely determined by any price differential between the two systems. K. Pöyry has drawn upon a range of reports, studies and other publications to form the evidence base for this report. Interconnectors create important new links between the energy networks of different countries, allowing a safe, secure and affordable supply to cross geographical boundaries. The importance of interconnection in the European gas and power markets is perhaps unique in global energy markets. Potential effect on interconnectors if the UK is part of the IEM 8 The EEA was established in 1994 to give European countries that The electricity market in Potential effect on interconnectors if the UK is part of the IEM 8 The EEA was established in 1994 to give European countries that The electricity market in Electricity interconnectors are already in place linking the UK to Republic of Ireland, Northern Ireland, France and the Netherlands, and there are many others planned. e. Download PDF maps. The Volume includes: An overview of the main developments in electricity wholesale markets in 2017. may be leaving the European Union, but the country is becoming more reliant on electricity imports to keep the lights on. Overall these interconnectors have contributed significantly to UK electricity supply over the last few years. The U. Better electricity interconnectors could reduce that need for gas by making it easier to export electricity from renewables-rich markets like Germany on sunny or windy days and to import it on Approachability. Electricity Scenarios for Belgium towards 2050 and interconnectors. Head of Unit Trans-European #Energy Networks @EU_Commission @Energy4Europe #Interconnectors #Grid #Electricity #Gas #PCIList Tweets my own, RT≠endorsement. The European Commission has undertaken to create an European electricity market for all of Europe. It concludes by providing policy recommendations to facilitate the investments in the electricity UK Proposes Three New Continental Interconnectors Published: Tue 24 Mar 2015 Under British regulator Ofgem’s new ‘cap and floor’ regulatory framework to secure greater interconnection to boost energy supply, three new electricity interconnectors are proposed with continental Europe. Why are they needed? The creation of new power links between countries forms a crucial part of British and European energy policy due to the significant benefits they deliver. electricity, low short-run elasticity of demand, high sunk costs as entry barriers, and short-run capacity constraints can increase the risks of strategic behaviour and market power exercise by the participants. Interconnectors are also an important system balancing tool, helping to integrate different sources of electricity generation across Europe, enabling better coordination of supply and demand and improving overall system stability. By looking at the specific problem of long-term supply and access contracts in the electricity sector, the book questions the suitability of antitrust policy as a The current European electricity market design is based on the rules of the "Third Energy Package" and includes rules and procedures for the development and approval of common terms and conditions or methodologies for electricity trade and grid operation European Union Electricity Market Glossary Market coupling in the European Union Internal Electricity Market (IEM) refers to the integration of two or more electricity markets from different areas through an implicit cross-border allocation mechanism, and, from the onset of the European energy regulatory agencies, was perceived as the key instrument for the integration of EU wholesale power In April 2019, the Electricity System Operator is becoming a separate company within the National Grid Group. The European Commission views interconnection as key to a more integrated European electricity system, as it improves the movement of electricity around the system to the places that need it. Electricity interconnectors are the physical links which allow the transfer of electricity across borders. Finding investment for capital-intensive infrastructure investment such as interconnectors means that the requirements of financiers and project sponsors for long-term predictability of cash flow is assured. Interconnectors Potential future interconnector opportunities Europe’s ambition of a single energy market, including the integration of offshore wind, and the benefit of diversifying sources of Interconnectors allow the trading of energy between territories. Abstract. The European Commission recently announced that it would provide €40 million in funding towards the longest subsea cable in the world, which will link the UK to Norwegian hydropower, as well as two interconnectors between the UK and France. 6,680GWh). In the electricity sector, the UK’s security may be negatively affected if Ireland, France, Belgium and the Netherlands are less willing to operate their electricity interconnectors with the UK strictly in line with price differentials. Close-up. Thorough Examination of the S ector's Low Carbon Transition Process, Electricity Price January 25, 2009 / Dave Andrews / Electricity, European Supergrid, Featured, News Briefs, Power export, Renewables, Wind Energy / 6 Comments Example of potential HVDC grid for europe, with 42% net import from regions surrounding Europe. The commission spent years tearing down national barriers to trading electricity across borders. In March Ofgem launched a consultation into a further three interconnectors, adding to the ElecLink (France) and Nemo Link (Belgium) projects already under way. This paper estimates the potential benefit of coupling interconnectors to increase the efficiency of trading day-ahead, intra-day and balancing services across borders. European Market Coupling Company, EMCC or emcc, is a provider of congestion management services for cross-border electrical interconnectors. Briefing on European Energy Infrastructure Interconnectors APPENDIX Current and planned Projects of Common Interest (PCI) of the European Union German Electricity Exports and the European Internal Energy Market. Creating the Internal Energy Market a report by the European Wind Energy Association Text and analysis: Iván Pineda, Paul Wilczek (European Wind Energy Association-EWEA) EU Electricity Interconnector Policy: Shedding Some Light on the European Commission's Approach to Exemptions. These projects are progressing quickly and electricity will soon be imported and exported throughout Europe on the back of this grant. Trade in electricity takes place through interconnectors – the physical links that allow electricity to be moved between markets. Interconnectors are transmission cables which allow the transfer of electricity between countries. Transmission and Interconnectors •A trans-European network Wind power covers the entire demand for electricity in 200 hours (West DK) ten Nordic interconnectors and twenty bidding areas, we investigate the pricing accuracy of the between the Nordic and the Continental European electricity The electricity supply is secured by a combination of central power plants, small-scale decentralized CHP plants, wind power, solar PV cells, the electricity network, as well as interconnectors and production capacity in other countries. 13 Emmanouela Angelidaki. European parliament and the council of the European Union, 2009). Great Britain is connected to Continental Europe via interconnectors to France (IFA) and the Netherlands (BritNed) of 2GW and 1GW capacity, respectively. One of the problems faced by the UK in achieving security of electricity supply at an affordable cost is its comparatively low level of interconnection with the electricity networks in other Interconnectors are cost competitive with electricity generation. 5bn) and completion is planned for 2021. • Proposed Revision of the Guidelines for Trans-European Energy Networks (electricity and gas networks, proposal to promote more interconnectors) Read Directive 2005/89/EC The Directive to "safeguard security of supply, infrastructure investments" for electricity was agreed by the EU countries with a legal act of 18/1 2006. By allowing the UK and Belgium to trade power, the Nemo Link® interconnector will increase security and diversify both countries’ electricity supply. Content. Belgium benefits most from a European integrated electricity system based on the maximum deployment of renewable energy sources, interconnectors. The two-way 1,400MW electricity cable will run from Blyth in Northumberland to Kvilldal, in Rogaland, on the Norwegian side. 01. We are an educational charity whose mission is to develop and promote new policy ideas 1 The Electricity Act 1989 defines interconnection as: “so much of an electric line or other electrical plant as-- (a) is situated at a place within the jurisdiction of Great Britain; and (b) subsists wholly or primarily for the purposes of the conveyance of electricity (whether in both directions or in This is true but there are already a number of interconnectors going across the English Channel with many more proposed or in planning. It was shown that the unconstrained interconnectors will reduce the need for balancing services from 24% to 14%. Work to prepare the second list The UK Charging System on Interconnectors Florence School of Regulation 2 Executive Summary Economic Analysis British Charges for interconnectors and completion of the EU single market in electricity: The UK imports both electricity and gas from the EU27 and the European Economic Area (EEA), and serves as a transit country for exchanges between Ireland and continental Europe and between Norway and the EU27. This paper gathers insights price in Ireland, interconnectors can allow cheaper electricity from another country to be imported into Ireland, thereby raising the supply of electricity and lowering its price. Electricity imported through subsea interconnectors has become an important source of power for the UK, accounting for 6. As such, the Nordic and Baltic energy exchange Nord Pool Spot rely on multiple interconnectors. To meet the EU’s ‘Target Model’, the regulations governing the SEM on the island of Ireland are being adapted into the Integrated Single Electricity Market (I-SEM), due to come into operation in 2018. In the short run, European Union countries can use more coal and less gas in their electricity generation. The majority of these projects will not be completed until after the UK has left the EU, scheduled for 2019. electricity security of supply. The UK already has four electricity interconnectors connecting the grid with that of France, the Netherlands, Northern Ireland and the Republic of Ireland and more are planned. Welcome to the 2017 edition of European Energy Handbook! This year's edition provides a legal framework of the energy sector in each jurisdiction, covering the structure and design of the gas and electricity industries, the regulations governing them, as well as existing and planned projects such as cross-border interconnectors. The European Commission has compelled the UK to make a number of changes to the GB electricity framework in order to comply with the Electricity Regulation, and a future government may decide that national interests are better served by reversing them. 17 November, 2003 - The European Commission wants national energy regulators to promote new electricity interconnectors, Energy Commissioner Loyola de Palacio told a conference on 13 November. In 2002 the EU set a goal to members that electrical interconnectors should make up at least 10% of national capacity. Energy Matters has obtained access to an unpublished European Commission report which identifies the benefits of HVDC interconnectors that combine solar energy from Europe with solar energy from Fiji and points between, and which states that the EC will introduce the concept of “global solar linkage” at the forthcoming Bonn Climate For example, in relation to proposed electricity interconnectors between Great Britain and continental Europe, the cap and floor decision and mechanics may need to be re-visited to address any change to how revenues are generated in the absence of market coupling and associated pass through of congestion revenues. The typical mainland European model is for interconnectors to be built and owned as regulated transmission assets. Capacity adequacy and the operation of the electricity system 16 European and regional collaboration to secure a reliable and interconnectors available in the Getting Interconnected How can interconnectors compete to help lower bills and cut carbon? Simon Moore Edited by Guy Newey Policy Exchange is the UK’s leading think tank. 000. Secondly, interconnectors don’t pay carbon tax in the GB energy market. It is intended to serve as a working paper dealing with the current status for flexible response in the European electricity market. There will be 7 new Interconnector Builds from the year 2019/2022 . Interconnectors provide a means of contributing to the European energy trilemma by providing energy security, environmental benefits and economic savings: Interconnectors improve security of electricity supply and help to reduce bills for consumers. At national 1/2003 into the European gas and electricity sectors’, 10 January 2007, COM (2006) 851 final. 000 (~22mb) Interconnected network of Continental Europe 1:2. This data on the usage of the UKs two electricity interconnectors with Europe in January 2017 confirms that it ought not to rely on the European energy system at times when the latter is under stress. We are working with Ofgem and other European regulators on a new regulatory model, which would combine elements of merchant income within certain cap and floor parameters. Electricity Interconnectors in GB. Energy security: Interconnectors play a crucial role in the European Union’s strategy to achieve a competitive and integrated European energy market. Furthermore, in the same publication, the U. matching total power demand with total supply at all times. Most importantly, the cross-border interconnectors do not rise to the tasks resulting from the energy transition. There's no good reason for a French-Irish link to run through the English Channel anyway. Contribution of electricity net imports from interconnectors to the energy mix in Great Britain (GB) from the 1st quarter of 2012 to 1st quarter of 2018 (in terawatt-hours) for Gas or Electricity) is to facilitate and enhance cooperation between national transmission system operators (TSOs) across Europe in order to ensure the development of a pan-European transmission system in line with European In addition, while EU regulation on electricity interconnectors allows for merchant interconnectors to be exempt from regulation and be built alongside regulated links, the perception, based on recent decisions, that such exemption is prohibitively difficult to obtain has deterred merchant interconnection investment. Overview Interconnectors are transmission cables which allow electricity to flow between countries, and can be used to import or export power as required. Further market coupling will result in wholesale electricity price unification across Europe, which will A major change is here, which will impact all Europeans. It forms a single synchronous A/C grid where all member states are responsible for maintaining grid equilibrium, [1] i. The continuation of London’s leading role in European electricity, gas, coal, oil and emissions trading will depend on whether a market-access solution can be agreed for financial services, but on a crash-landing the immediate consequence is that UK authorised firms may be unable to trade freely in the EU single market. Electricity Market (SEM) (Box 1) via interconnectors. It will cost about €2bn (£1. The European Similar analysis for electricity interconnectors has not been found in the infrastructure is being currently developed, building more interconnectors between particular countries. The UK currently operates four interconnectors which connect with European countries and Northern Ireland totalling an excess of 3. Market integration is the process of progressively harmonising the rules of two or more markets. 300. Electricity interconnectors play a key role in strengthening the EU’s security of supply and integrating low-emission generation sources in an affordable way. John Feddersen, CEO of Aurora says: “Many new Interconnectors will be built in the next 5-10 years, vastly expanding our ability to trade electricity Map of first PCI list for electricity interconnectors in Member States below 10% The PCI list is a flexible list that is updated every two years. If the UK leaves the EU without an exit agreement, European energy law will no longer apply Cross-border flows across electricity interconnectors will no longer be governed by EU legislation which EU Electricity Interconnector Policy: Shedding Some Light on the European Commission’s Approach to Exemptions policybrief The Florence School of Regulation (FSR) assessment of European investments in the electricity sector. The latest Tweets from Catharina Sikow (@csikow). That entails more and more member states being connected by cross-border power lines so electricity can be traded as freely as possible, without physical constraints. An hourly economic dispatch model is used to simulate the European electricity market. the European Commission’s Energy Security Strategy target (10% of installed electricity capacity by 2020) 9,10 . Government and industry experts agree that increasing levels of interconnection across the UK can benefit The European Union is aiming for a “fully integrated internal energy market” (See the energy winter package of 2016 “Clean Energy for all Europeans”). Interconnection also allows electricity to be exported to markets and users in other countries. Market Integration. The Electricity Wholesale Market Volume looks at the performance of European Union (EU) electricity markets, with a focus on cross-border issues. The most common The most common financial and physical instruments used in the electricity sector to hedge Building stronger links Ilesh Patel discusses current regulatory, market and financing challenges to international electricity trade, and proposes a plan of action for regulators and actors in the market Verbund – Austrian Power Grid AGVerbund – Austrian Power Grid AG 3 BackgroundBackground Liberalisation of European Electricity Markets with the aim to create one integrated (internal) electricity market (IEM) What will leaving the EU mean for the functioning of the UK energy market, especially the building and funding of electricity interconnectors? Andrew Whitehead reads the runes. Second, it is discussed why merchant interconnectors could be a Electricity interconnectors are the physical links which allow the transfer of electricity across borders. Electrical Interconnectors: The European Commission's Targets . pan-European-North African Electricity Exchange number of interconnectors, location of converter stations and transmission lines for the time horizon 2050. If the UK leaves the EU without an exit agreement, European energy law will no longer apply Cross-border flows across electricity interconnectors will no longer be governed by EU legislation which Why Europe needs more electricity interconnectors, public and private This is why the European Commission recognise interconnection projects by putting them on its list of Projects of Common Electricity in Dr Czisch’s system created by wind farms in North African countries would also be used domestically in each country, but the major part of the total electricity created by these North African wind farms would, as Dr Czisch’s optimisation calculated, be fed into the European super grid. Interconnectors can enable GB to access low carbon electricity at a low cost. European Interconnectors Will Impact Europe's Energy Utility Sector Optimising the Forward-Planning Process Regarding the Future Power Generation Portfolio Mix for Power Companies Operating Within the EU electricity networks were only linked with interconnectors with limited capacity. Energy infrastructure - including trans-border interconnectors - is high on the European energy agenda. 02. Lavender confirms, the UK’s “interconnectors enable the import of cheaper electricity from other European energy systems. For example, the North Sea Interconnector allows the trading of natural gas between the UK and Belgium [1] and the East–West Interconnector allows the trading of electricity between the UK and the Ireland. Date: 23/03/18; Dr John Constable: GWPF Energy Editor Many, including the British Prime Minister Theresa May, believe that the United Kingdom should continue to participate in the European Union’s Internal Energy Market. Electricity flows from the market with lower prices to the market with higher prices. Interconnecting grids In many regions of the world liberalized energy markets have introduced the phenomenon of trading to electricity sectors and trading is enabled by coupling electricity markets with network interconnections. Trading through interconnectors is managed via membership of the Internal Energy Market (IEM), which has been designed with plenty of UK input, to reduce the barriers to The grid system is designed to handle peaks in electricity consumption, which generally occur on the coldest days in cold years, and to allow for import of sufficient quantities of electricity for extended periods, for example in dry years. The role of interconnectors for the completion of the internal electricity market Besides the fundamental properties of any (sectoral) internal market such as free movement, removal of exclusive rights (hence, the right of establishment, too), proper regulation to pre‐ The UK imports both electricity and gas from the EU27 and the European Economic Area (EEA), and serves as a transit country for exchanges between Ireland and continental Europe and between Norway and the EU27. Connecting Europe's electricity systems will allow the EU to boost its security of electricity supply and to integrate more renewables into energy markets. The European Union’s energy plans calls for interconnectors, especially electricity cables, to allow surplus energy to be shifted from one member state to another depending on demand. In the third quarter of 2013 they in fact delivered almost as much electricity to the grid as wind and solar (6,031GWh vs. The proportion is expected to grow as Europe’s electricity networks are not strong enough to make efficient use of regional excesses of renewable energy. The UK has been at the forefront of promoting interconnectors as a reliable and resilient method of transporting and trading electricity to, from and with our European and Irish neighbours. Electricity link between UK and the Netherlands seen as key step in connecting renewable energy to a European power grid Published: 11 Apr 2011 BritNed power cable boosts hopes for European supergrid more serious by a lack of interconnectors. 3 By mid-2014 the day-ahead coupling objective had been - Consulting clients operating in the European energy sector on technical aspects linked to carbon capture and storage (CCS) systems, gas and electricity markets, liquified natural gas (LNG) systems, capacity mechanisms, ACER and general issues linked to transmission system operators (TSOs). This means EU countries will be able to get the most out of the big diversity of energy supplies across Europe, because that energy can be sent to parts of the continent when and where it DIRECTORATE-GENERAL FOR INTERNAL POLICIES . Ofgem consults on new electricity 'interconnectors' linking Britain with France and Denmark Three new electricity 'interconnectors', which would enable Britain to easily access energy supplied by France and Denmark, could be built by 2020 under plans put forward for consultation by market regulator Ofgem. Recently, the capacity of the interconnectors increased and the limitations of a free flow between the electricity networks diminished, but did not disappear yet. government works to exit the European Union, the The European generation adequacy outlook referred to in point (b) of paragraph 3 shall cover the overall adequacy of the electricity system to supply current and projected demands for electricity for the next five-year period as well as for the period between five and 15 years from the date of that outlook. The risks faced by developers of new electricity interconnectors in Europe, generally the national Transmission System Operators (TSOs), vary according to the specific features of the projects but are, in general, well mitigated by factors including the regulatory cost recovery mechanism, according Interconnectors allow the trading of energy between territories. Creating a strong, interconnected European electricity grid A power link between Denmark and the Netherlands will help to achieve the EU’s goal of creating a stronger and more European Commission, energy suppliers, traders, gas/electricity customers, gas/electricity industry, consumer representative groups, network operators, Member States, academics and other interested parties. Viking Link has been accepted as a Project of Common Interest (PCI) in accordance with the European Union’s Trans-European Energy Regulation (the TEN-E Regulation) 6 . Within the European Union there is a movement towards a single market for energy, which makes interconnectors viable. Interconnectors such as the IFA were initially built to provide an emergency backup for existing The European Share UK electricity interconnectors: all coming together (by about 2020)? using Email One of the problems faced by the UK in achieving security of electricity supply at an affordable cost is its comparatively low level of interconnection with the electricity networks in other countries. consumption Industry experts are saying that now is a transitional time for UK electricity interconnection and the renewables industry. degree of uncertainty about the future of European electricity markets. The European Commission has proposed the target of achieving an interconnection capacity of at least 10% of the installed electricity production capacity for each Member State by 2020 in the context of the envisaged Energy Union. electricity sources, and to facilitate Union-wide trade in electricity. The underlying objectives are to increase the security of supply at As the UK sleepwalks to a Brexit of the EU's internal energy market, plans for energy interconnectors to the continent are under threat -- and that means more expensive electricity. European Commission. We are always ready to discuss any issue and to examine any possible project to ensure mutual benefit. NEW YORK, May 15, 2012 /PRNewswire/ -- Reportlinker. A further stimulus to cross-border trade was given by the European Regulators’ Group for Electricity The success of such initiatives, in addition to several technoeconomic, political, environmental, regulatory and financial obstacles, depends on the ability of the European electricity network to suitably accommodate large electricity imports from North Africa. Strategic Planning: Coal, Gas, Nuclear and Renewable Power Generation. Although the benefits of increased interconnectivity are widely acknowledged, expansion of interconnectors is often very slow. Interconnection is a hot topic. 06. Electricity interconnectors are the physical links which allow the transfer of electricity across borders. This value is set to double by 2021, allowing the UK to reach the European Commission’s Energy Security Strategy target (10% of installed electricity capacity by 2020). There are a number of challenges to the procurement and construction of cross-border electricity interconnectors but there is an established market for them with an increased demand being pushed by the European Commission’s strategy for an Energy Union. 500. To achieve its climate and energy goals, Europe needs to improve cross-border electricity interconnections. 26. European Power Generation Strategy 2018 Main Conference Topics Include. Interconnectors pose a challenge to EC competition law. A key long-term energy policy of the European Union is to implement a more open and competitive single European electricity market. • Interconnection is an essential element of the Energy Union policy package. This document provides an overview of the aims of the NOA with respect to interconnectors and details the methodology which the System Operator (SO) will adopt for the analysis and European electricity generators to “keep the lights on” in Britain. Electrical interconnectors In order to ensure a secure electricity system at the same time as a competitive and integrated European energy market, the reinforcement of the European electricity grid with interconnectors between neighboring countries plays an increasingly important role. Because electricity prices are lower in mainland Europe, utilities are able to send cheap electricity to the UK, bringing electricity prices down with them. Put simply, the idea is that if a country generates more energy than it requires, it can sell the surplus energy to a neighbouring country. Construction of the European electricity market The reinforcement of the European electricity market is central to meeting EU’s policy objectives of affordability, sustainability and security of supply. The European Commission’s Target Electricity Model (TEM) aims to integrate EU electricity markets by coupling interconnectors so that all electricity is (moderately) efficiently allocated across the EU by a single auction platform, Euphemia. Less affected by short term volatility, they are set to play a crucial role in the EU strategy to achieve a competitive and integrated European energy market. times of high electricity prices in Ireland, interconnectors can allow cheaper electricity from another country to be imported into Ireland, thereby raising the supply and lowering the price in Ireland. This study uses a continental electricity system model and 30 years of hourly wind and solar data to determine the impact of long-term weather patterns on European electricity system operation and how this varies with decarbonization ambition. Those new connections will have to use expensive converters to switch to the Soviet-era system running the power grids in the Baltic countries. The European Commission has designated AQUIND Interconnector as Project of Common Interest (PCI). • European Commission aims are to have at least 10% interconnection by 2020, for each member state, and 15% interconnection by 2030. Electricity interconnectors are transmission cables between countries that allow the trading of electricity. 183. Member states are supposed to hit a 10 percent interconnection target by 2020, meaning a tenth of generated electricity can be exported across borders, but EU A recent study by the European Network of Transmission System Operators for Electricity (ENTSO-E) concluded that as Europe shifts to high levels of renewables, EU consumers and British renewable Products traded in European electricity forward markets. The European Cross-Border Electricity Interconnectors Market Companies operating electricity interconnectors, which include Britain's National Grid and French grid operator RTE, should "carry out contingency planning for a ‘no deal’ scenario", a European Market Coupling Company, EMCC or emcc, is a provider of congestion management services for cross-border electrical interconnectors. Market Building through Antitrust investigates the role of antitrust policy in the building of competitive energy markets in Europe. The creation of the Internal Electricity Market will eventually require the harmonisation of all cross-border market rules so that electricity can flow freely in response to price signals. 000 (~26mb) Interconnected network of Northern Europe 1. - The electricity interconnectors will contribute to Norwegian renewable energy replacing fossil energy in Europe and will facilitate green value creation in Norway, says Minister for Climate and Environment, Tine Sundtoft. Currently, Great Britain has four interconnectors providing 4 GW of capacity, representing around 5% of Interconnectors and Electricity Prices 3. As the U. Coal imports from the United States are particularly cheap, so this would advance the The three interconnectors between the Netherlands and Germany are largely used for electricity imports, while the subsea BritNed cable between the Netherlands and the United Kingdom exports electricity to the UK for most of the time. interconnectors so that all electricity is (moderately) efficiently allocated across the EU by a single auction platform, Euphemia (Pan-European Hybrid Electricity Market Integration Algorithm). This paper gathers insights There are a number of challenges to the procurement and construction of cross-border electricity interconnectors but there is an established market for them with an increased demand being pushed by the European Commission’s strategy for an Energy Union. Cross-border flows across electricity interconnectors will SECOND REPORT TO THE COUNCIL AND THE EUROPEAN PARLIAMENT ON HARMONISATION REQUIREMENTS Directive 96/92/EC concerning common rules for the internal market in electricity Companies operating electricity interconnectors, which include Britain's National Grid and French grid operator RTE, should "carry out contingency planning for a ‘no deal’ scenario", a CAPACITY RESERVATIONS AT INTERCONNECTORS: AN ANALYSIS UNDER 1e PROEF EU COMPETITION AND EU ENERGY LAW Rozeta Karova*1 Abstract This article analyzes the capacity reservation at interconnectors as regulatory measures adopted by the EU Member States and the Contracting Parties of the Energy Community Treaty. Author(s): CUOMO Michael, GLACHANT Jean-Michel Find out more / Download it via EUI Repository 1 ! Electricity and Renewables Sector Report 1